Approximately 78 million working Americans are currently working jobs that do not provide them with a retirement plan; however, Barack Obama is looking to change this predicament, according to a report by CNNMoney.com.

Recently while campaigning, Sen. Obama proposed that companies establish and automatically enroll workers in IRA-type savings plans where employees would deposit 3% of their salary for retirement, most likely into a low-cost index mutual fund. Unless an employee decides to opt-out, the government would match a portion of the money contributed, up to $500 for families that earn less than $75,000.

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